Multiple Choice
A certain competitive firm sells its output for $20 per unit. The 50th unit of output that the firm produces has a marginal cost of $22. Production of the 50th unit of output does not necessarily
A) increase the firm's total revenue by $20.
B) increase the firm's total cost by $22.
C) decrease the firm's profit by $2.
D) increase the firm's average variable cost by $0.44.
Correct Answer:
Verified
Correct Answer:
Verified
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